More than US$100 million in losses incurred by Malaysia over the past five years due to power theft by illegal cryptocurrency mining operations may point to a bigger problem of illicit funds moving unhindered in cyberspace, a data protection expert has warned. Authorities have cracked down on more than 9,000 illegal mining operations across the
The Latest IC3 Report on Cybercrime is out from the FBI. (Photo by Chip Somodevilla/Getty Images) Getty Images Cybercrimes and crypto scams are becoming more common. I’ll never forget the call from my friend’s uncle. He’s the type who keeps meticulous spreadsheets for everything—grocery lists, travel budgets, even holiday gifts. So when he told me
Giovanni Vignone, founder and CEO of Octane Octane Crypto has long been a goldmine for hackers, offering fast, anonymous access to vast sums of money, often through a single line of faulty code. To date, more than $11 billion has been stolen in such exploits, according to DefiLlama. And while smart contract audits are now
A new malware program called Crocodilus is currently wreaking havoc in the Android environment. It targets banking applications and cryptocurrency wallets by superimposing fake login pages over the top of official applications. ThreatFabric is a company specializing in cybersecurity, particularly in threats targeting Android banking applications. It is sounding the alarm about a new malware
Image: United States Department of Justice The U.S. Secret Service has seized the website of Russian cryptocurrency exchange Garantex, marking a major international crackdown on a platform accused of helping criminals launder billions of dollars in illicit money. In a joint operation involving law enforcement from the U.S., Germany, Finland, Estonia, and other European countries,